Summer Budget 2015 – Landlords Reactions

Summer Budget 2015 – Landlords Reactions

14:00 PM, 8th July 2015, About 9 years ago 9619

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Budget 2015 - Landlords Reactions

The concern is;

Budget proposals to “restrict finance cost relief to individual landlords”Summer Budget 2015 - Landlords Reactions

To calculate the impact of this policy on your personal finances download this software


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Barry Fitzpatrick

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11:29 AM, 8th September 2015, About 9 years ago

Reply to the comment left by "Jerry Jones" at "08/09/2015 - 11:09":

@Jerry,

Good luck at your meeting. Your MP really doesn't have a clue, so you've got a bit of educating to do there.

Mark Alexander - Founder of Property118

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11:43 AM, 8th September 2015, About 9 years ago

Reply to the comment left by "Jerry Jones" at "08/09/2015 - 11:09":

He's still missing the point.

Higher rate tax payers pay higher rate tax on profits.

If his logic is correct then why are finance cost restrictions only being applied to landlords and not all sole traders and partnerships, regardless of what sector they operate in?
.

Appalled Landlord

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11:50 AM, 8th September 2015, About 9 years ago

Reply to the comment left by "Jerry Jones" at "08/09/2015 - 11:09":

Hi Jerry

“I’m still not sure why taxpayers should be rewarding rich landlords at a higher rate than poorer ones.”

I have not seen the emotive word “reward” used by anybody before in trying to justify the proposed change. Your MP has taken the gobbledegook up a notch, with a nod to the loony left.

Accidental Landlord

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11:56 AM, 8th September 2015, About 9 years ago

Today sees the debate of the Syrian Refugee crisis where Cameron has now pledged to take 20,000 as a starting point through his second term of leadership. This is now happening at a time when my local newspaper's FRONT page article screams out "Homeless Crisis: We Got it Wrong" asking for help/advice from LLs etc to look at viable ways to ease our housing shortage such as using caravans, office blocks etc and interesting that local families are being forced further afield into B&Bs as far as Stansted, Reading, Cambridge etc. This article very clearly demonstrates that one hand does not know what the other is doing in terms of our government leadership and I expect more of these headlines in all our towns going forward. Darren Bell a great article for your meeting with Mark Lancaster MP when the time comes. (http://www.miltonkeynes.co.uk/news/community/community-news/homeless-crisis-we-got-it-wrong-1-6937201)

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12:20 PM, 8th September 2015, About 9 years ago

Reply to the comment left by "Mark Alexander" at "08/09/2015 - 11:43":

Quite so, Mark. Precisely the points I shall be making. I shall also mention it being the same "generosity" as that of the mugger that steals your wallet but lets you keep your phone!

Mark Alexander - Founder of Property118

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12:23 PM, 8th September 2015, About 9 years ago

Reply to the comment left by "Jerry Jones" at "08/09/2015 - 12:20":

Maybe you should print a copy of my latest blog and give that to him?

See link below.
.

Darren Bell

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12:29 PM, 8th September 2015, About 9 years ago

Reply to the comment left by "Accidental Landlord" at "08/09/2015 - 11:56":

Hi Accidental,

I have been mucked about with my appointment with Mark Lancaster, he keeps becoming unavailable. My guess its a topic he doesn't want to discuss.

dom glynn

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12:30 PM, 8th September 2015, About 9 years ago

Reply to the comment left by "Accidental Landlord" at "08/09/2015 - 11:56":

Hi AL,
It's not just MK.
http://www.bbc.co.uk/news/uk-england-london-34167296
One thing we can all be sure of is it won't get any better if these proposals are implemented.

Appalled Landlord

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13:18 PM, 8th September 2015, About 9 years ago

Reply to the comment left by "Dom " at "08/09/2015 - 12:30":

Hi Dom

The article you linked to had this at the end: “The Department for Communities and Local Government said it was the responsibility of councils "to house families in settled accommodation as quickly as possible" and said it had given them new tools to offer quality accommodation in the private sector to families as well.”

Does anyone know what these “new tools” are?

dom glynn

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13:55 PM, 8th September 2015, About 9 years ago

Reply to the comment left by "Appalled Landlord" at "08/09/2015 - 13:18":

Hi AL,
Is it to do with today's announcement of diverted Foreign Aid to Councils?
Otherwise, I've no idea.

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